myFICO: Pros and Cons of Leveraging Your Home Equity for Financing

SAN JOSE, Calif. -- If you’re a homeowner who needs to borrow money, tapping into your home equity is a common strategy that could help you accomplish your goal. Yet before you fill out an application for a home equity loan or line of credit, it’s important to do your research. Not only should you understand how this type of financing works, but you’ll also want a clear overview of the pros and cons of this type of credit before you put your home on the line. Here’s what to know about the pros and cons of leveraging your home equity for financing, from myFICO. Read More